Everton Suitor 777 Hires Restructuring Group as Bid Falters (1)

777 Partners, the US investment firm trying to buy English Premier League football club Everton, has hired restructuring experts to overcome “various operational challenges,” according to an email sent to the group’s employees Thursday.

Miami-based 777’s proposed takeover of Everton has been held up as the Premier League is yet to grant clearance, while 777 has asked for deadlines to be extended to complete the deal. Last week the company was accused of fraud by lenders in a New York court filing.

Mark Shapiro from B Riley Advisory Services is now serving as 777’s chief operating officer, according ...